A stunning lingerie model is a Colombian drug lord who heads one of the world’s largest drug gangs, The Sun reports.

An international arrest warrant has reportedly been issued for Angie Valencia, who insists members of her all-female empire were "unsuspicious, beautiful angels".

Her "angels" were allegedly paid $AUD2250 to fly cocaine from Colombia to Cancun, Mexico, every 24 hours, after which they were trafficked on to Europe.

Valencia is currently thought to be on the run in Argentina or Mexico after the scam was blown, apparently by a leak to police in Buenos Aires.

The 30-year-old beauty - crowned Colombia's "Queen of Coffee" in 2000 - quit modelling and left her native Colombia for Argentina to set up the empire last year.

It is believed she split from a Mexican drug baron dubbed "The Monster" in a bid to rival his empire.